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🌖 Good evening, wealth builders! Think you know what it takes to be a millionaire?

Spoiler: Most of what you’ve been told is flat-out wrong.

No, they didn’t all win the lottery, dodge taxes, or build empires on risky gambles. Real wealth—the kind that lasts—is built on habits, patience, and a mindset most agents never adopt.

Here’s what the research (and some hard truths) really say about how high-net-worth individuals earn, keep, and grow their money and why most agents keep missing the mark.👇

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💥 Truth Bombs About Millionaires

When it comes to self-made millionaires and high-net-worth individuals (HNWIs), there’s no shortage of myths. From the idea that they got rich overnight, to the claim that they don’t pay taxes or give back—popular culture is packed with misleading stories.

But real wealth-building isn’t about winning the lottery, taking wild financial risks, or being born into privilege. It’s about consistent habits, long-term strategy, discipline, and yes—an entirely different mindset about money, success, and happiness.

Let’s break down some of the most common myths about millionaires and high-net-worth individuals using real research, data, and examples. It’s time to separate fact from fiction—and maybe rethink your own approach to wealth in the process.

⚡The Agents Who Win in 2025 Will Do THIS

This market isn’t for the faint of heart. If you’re still using the same old tactics, you’re already falling behind.

Tim & Julie Harris’ FREE Mastermind Webinar is where top agents are getting the exact blueprint to dominate in today’s conditions.

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🔥 How to generate consistent leads without chasing
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🔥 Messaging that makes sellers pick YOU — fast

💬 “This was the turning point for me. I finally have a plan that works.” – Renee L.

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1️⃣ Myth: More Money Doesn’t Make You Happier

✅ Fact: More money does lead to greater happiness—especially by improving life quality and reducing stress.

That old saying “money can’t buy happiness” doesn’t quite hold up under scrutiny. New research by Matthew Killingsworth (University of Pennsylvania) shows that happiness continues to increase as income rises beyond $100,000—and in many cases, beyond $500,000.

Why? Because money provides:

• ✅ Better healthcare

• ✅ Freedom from financial stress

• ✅ More time for travel, hobbies, and relationships

• ✅ The ability to outsource chores and focus on what matters

Happiness may not be for sale—but financial freedom creates the space to enjoy life more fully.

2️⃣ Myth: Millionaires Get Rich Quickly

✅ Fact: Wealth-building is a slow, methodical process that often takes decades.

According to Fidelity, the average self-made millionaire reaches $1 million in net worth by age 37. The climb continues from there:

• $1M net worth: age 37

• $5M net worth: around 50

• $10M net worth: early 50s

• $30–$50M: usually in their 60s

Millionaires don’t hit jackpots—they build wealth with consistency over time.

3️⃣ Myth: Millionaires Don’t Save—They Just Invest Big

✅ Fact: Consistent saving is a cornerstone of wealth-building.

Despite popular belief, most millionaires are methodical savers. Ramsey Solutions reports that 73% of millionaires regularly saved part of their income via 401(k)s, IRAs, or other vehicles.

💡 Example:

• Saving $500/month at 8% return over 30 years = $750,000+

• Saving $1,000/month = $1.5M

• Saving $5,000/month = $7.5M

The magic isn’t in timing the market—it’s in time in the market.

IN PARTNERSHIP WITH LIBERTAS

🚀 The Smartest Move You’ll Make This Year as an Agent

Every week, more and more agents are walking away from brokerages that keep them stuck… and joining eXp Realty with the Libertas Group.

Why?
Because Libertas isn’t just a brokerage — it’s a growth machine.

When you join, you get:

• ✅ FREE Premier Coaching with Tim & Julie Harris (worth thousands)

• ✅ Weekly masterminds with top producers

• ✅ A step-by-step onboarding concierge (no guesswork)

• ✅ Proven lead-gen & listing systems

• ✅ A collaborative network built to help you win

💬 “Joining Libertas gave me the tools, the plan, and the people I needed to finally scale.” – Mike R., Top Agent 🏆

The truth? Agents who stay put are falling behind.

Agents who join Libertas are building income, freedom, and leadership.

👉 See why top agents are making the switch now.

4️⃣ Myth: They Get Rich Through Risky Investments

✅ Fact: Millionaires prioritize low-risk, long-term strategies over high-stakes gambles.

Most wealthy individuals diversify across stocks, bonds, and real estate. Vanguard reports that millionaires focus on steady, long-term gains rather than chasing quick wins.

💼 Warren Buffett is the prime example—he built Berkshire Hathaway through calculated, long-term investments, not day-trading or speculation.

5️⃣ Myth: Millionaires Don’t Track Their Spending

✅ Fact: Millionaires are meticulous about budgeting and tracking expenses.

Tom Corley’s research in Rich Habits shows that 93% of millionaires track their spending. Budgeting isn’t just for people living paycheck to paycheck—it’s a millionaire habit.

They:

• Know their numbers

• Avoid waste

• Prioritize investing over impulsive purchases

Wealthy people don’t get rich by accident—they do it by paying attention to the details.

6️⃣ Myth: Millionaires Only Make Money Through High-Paying Jobs

✅ Fact: Many millionaires are self-employed or business owners.

Thomas J. Stanley found that two-thirds of millionaires are self-employed or own businesses. Why?

• Business ownership creates leverage

• It allows for multiple income streams

• Reinvestment drives compound growth

High-paying jobs help—but entrepreneurship accelerates wealth creation.

7️⃣ Myth: They Got There Alone

✅ Fact: Millionaires often leverage mentorship and networking to grow their wealth.

Success is never truly solo. Millionaires:

• Build mastermind networks

• Hire coaches and consultants

• Seek mentors who’ve been where they want to go

📈 Richard Branson credits much of his empire to learning from others and surrounding himself with smart, connected people.

8️⃣ Myth: Self-Made Millionaires Don’t Give Back

✅ Fact: Wealthy individuals are often highly philanthropic.

According to the National Philanthropic Trust:

• HNWIs give more than average earners as a percentage of income

• Programs like The Giving Pledge (by Gates and Buffett) inspire billionaires to donate most of their wealth

💡 Many millionaires believe in making a difference—and use their wealth as a tool for good.

9️⃣ Myth: Millionaires Don’t Pay Taxes

✅ Fact: Millionaires pay a substantial portion of all taxes in the U.S.

According to the Tax Foundation:

• The top 1% pay almost 40% of federal income taxes

Let’s break it down:

📊 Wealth vs. Tax Impact

• $1M Net Worth

  • Income: $150K–$300K

  • Taxes Paid Annually: $50K–$95K

  • Cumulative by Age 37: $250K–$350K

• $5M Net Worth

  • Income: $500K–$1M

  • Taxes Paid Annually: $200K–$420K

  • Cumulative by Age 50: $1.5M–$2.5M

• $10M Net Worth

  • Income: ~$1.5M

  • Taxes Paid Annually: ~$650K–$700K

  • Cumulative by Early 50s: $3.5M+

• $50M Net Worth

  • Income: ~$5M

  • Taxes Paid Annually: ~$2M

  • Cumulative by Age 60+: $10M–$15M+

In contrast, a household making $70K annually pays ~$7,000/year—about $210K over 30 years.

🔍 Bottom line: Millionaires don’t avoid taxes—they fund a big part of the system.

A MESSAGE FROM PACASO

Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs behind Uber and eBay also backed Pacaso. They made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO. Now, you can join, too.

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🏁 Conclusion: Wealth Takes Time, Patience, and the Right Habits

Becoming a millionaire doesn’t require a miracle—it requires mastery.

It’s not about luck or shortcuts. It’s about:

• Consistent saving 💰

• Smart investing 📈

• Spending discipline 📊

• Long-term strategy 🕰️

• Leveraging mentorship and networks 🤝

Every myth we busted today highlights one thing: the truth about millionaires is far more attainable than the fiction. If you’re willing to adopt their habits, you can build your own path to financial independence.

🚀 Ready to Think and Act Like a Millionaire?

Most people won’t do the work—but you’re not most people.

🎯 If you’re ready to build the mindset, habits, and financial structure that actually lead to long-term wealth:

✅ Join Premier Coaching at PremierCoaching.com

💼 Or, if you want 1-on-1 guidance from the top,
Text Tim directly at 512.758.0206 to ask about Elite Coaching with Tim or Julie Harris.

AND THAT’S A WRAP!

Millionaires aren’t magical—they’re methodical.

Adopt their habits, commit to the long game, and your bank account will catch up to your ambition.

—Tim & Julie Harris
Harris Real Estate Daily

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